Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease costs

The table below presents the Company’s net lease cost and certain other information related to the Company’s leasing activities as of and for the years ended December 31, 2021, 2020 and 2019 (dollars in thousands).

	Year Ended December 31,
Description	2021			2020			2019
Operating lease cost (1)	$	130,383		$	140,829		$	144,727
Variable lease cost (2)	17,940			17,463			16,404
Sublease income	(42,801)			(38,925)			(38,901)
Total lease cost, net (3) (4)	$	105,522		$	119,367		$	122,230
Cash paid for amounts included in the measurement of operating lease   liabilities	$	140,571		$	137,790		$	135,799
Cash receipts from sublease arrangements	$	42,374		$	38,565		$	34,441
Right-of-use assets obtained in exchange for new operating lease liabilities	$	33,113		$	27,258		$	136,997
As of December 31,	2021			2020			2019
Weighted average remaining lease term for operating leases (in years)	8.7			9.6			10.2
Weighted average discount rate for operating leases	6.5		%	6.6		%	6.7		%

(1)Included in operating lease cost was $42.3 million, $42.2 million and $43.2 million of costs for subleasing activities during 2021, 2020, and 2019 respectively.

(2)These amounts are primarily variable lease and nonlease costs that were not fixed at the lease commencement date or are dependent on something other than an index or a rate.

(3)The Company did not capitalize any initial direct costs for operating leases during 2021, 2020, or 2019.

(4)Amount excludes a right-of-use asset impairment charge of $49.5 million, as discussed below.

Operating lease maturity schedule

As of December 31, 2021, the (i) maturities of operating lease liabilities under non-cancelable arrangements and (ii) estimated future sublease cash receipts from non-cancelable arrangements were as follows (in thousands):

	Operating		Sublease
	Lease		Cash
Period ending December 31,	Payments		Receipts
2022	$	137,188	$	48,721
2023	138,332		50,054
2024	127,399		41,793
2025	113,226		42,172
2026	112,937		42,941
Thereafter	415,242		67,060
Total future minimum operating lease payments and estimated sublease cash receipts (1)	1,044,324		$	292,741
Imputed interest	(256,804)
Total operating lease liabilities per the Consolidated Balance Sheet	$	787,520

(1)Approximately 79% of the operating lease payments pertain to properties in the United States.

Supplemental balance sheet information

The table below indicates where the discounted operating lease payments from the above table are classified in the Consolidated Balance Sheet (in thousands).

	December 31,
Description	2021		2020
Accounts payable and accrued liabilities	$	89,754	$	83,995
Operating lease liabilities	697,766		780,166
Total operating lease liabilities per the Consolidated Balance Sheet	$	787,520	$	864,161